S.05772

Establishes the right to inspection of residential real properties, condominium units, and cooperative apartments.

This bill amends the real property law to establish the right to inspection of residential real properties, condominium units, and cooperative apartments. It mandates that sellers must allow prospective purchasers to inspect the property within a specified period. The bill outlines penalties for non-compliance, including civil penalties and potential violations of business laws. It also specifies that the right to inspection does not apply to auction sales.